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In a major boost for Africa’s logistics and trade infrastructure, Afrevo, a supply chain technology company co-founded by Onyedika Anyamele, has raised $1.5 million in seed funding to expand its digital platform built for distributors and wholesalers across the continent.
The round, backed by a mix of local venture funds and international investors focused on frontier markets, will help the company strengthen its technology stack, deepen logistics partnerships, and scale operations across Nigeria, Ghana, and Kenya.
Built around the belief that African trade can only grow through better logistics infrastructure; the company provides digital systems that simplify how goods move from warehouses to retailers. The company’s platform integrates inventory management, procurement coordination, and delivery tracking into one unified system, allowing businesses to manage operations seamlessly. By replacing manual record-keeping and disconnected spreadsheets with real-time data, the company helps distributors cut waste, avoid stockouts, and plan better for demand fluctuations.
According to Onyedika Anyamele, co-founder and CEO, the idea for the company was born out of firsthand experience with the inefficiencies that slow down African distribution. “We started Afrevo to fix a problem we’ve lived through,” he said. “Most distributors in Africa rely on outdated systems or guesswork. Our goal is to give them visibility, structure, and control over their supply chain, using technology that actually understands their realities.”
The company’s traction has been swift. In less than two years, the company has onboarded more than 120 distribution partners, primarily in Nigeria’s fast-moving consumer goods sector, where informal processes often lead to delays and lost revenue. The company’s solution combines warehouse tracking, order digitization, and transport visibility tools that give distributors a full picture of their operations at any given time.
The newly secured funding will enable the company to expand its engineering team, build additional warehouse hubs, and roll out AI-powered inventory forecasting tools to improve decision-making and reduce supply disruptions. Plans are also underway to introduce financial enablement features that allow verified distributors to access short-term supplier credit, helping them scale without liquidity challenges. By focusing on both digital visibility and financial flexibility, the company aims to become the backbone for mid-level distribution networks that form the foundation of African trade.
From its Lagos headquarters, the company intends to expand into Ghana and Kenya within the next year, setting up regional operations to strengthen trade connectivity across West and East Africa. The company’s long-term goal is to make African distribution as predictable and efficient as any global market, bridging the gap between local wholesalers and multinational supply chains.
Driven by his operational insight and passion for building reliable systems, Afrevo continues to establish itself as more than just another startup. It represents a growing movement of African entrepreneurs redefining how commerce works across the continent using technology not as a luxury, but as the engine of economic progress.
